"I had many people that were using Bitcoin because it was like a Western Union without the KYC hurdles, and it was much cheaper back then," Argentieri told Bitcoin Magazine.
"They were not even interested in bitcoin price or volatility. They were just using it to send money overseas," he added.
Ark is an open-source protocol created to help scale Bitcoin. The protocol enables users to amortize the cost of a single on-chain transaction across many off-chain swaps.
The off-chain system runs on Ark servers, which also enable unilateral withdrawals on-chain.
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